Economic interdependence has historically been pretty effective at preventing wars.We should have never been cooperating with the criminals in the first place.
sourceBBC":rp11v3a9 said:According to Russian news agency TASS, Mr Rogozin said the OneWeb contract had been paid in full and the funds would not be returned.
"We received all the money for it for the manufacture of launch vehicles, upper-stages and for the necessary launch services.
"This money, due to force majeure circumstances that have arisen as a result of the aggressive policy of the West and the sanctions that are applied against Russia, this money will remain in Russia," the Roscosmos boss stated.
Ouch
And at this point, there's no way those satellites are getting out of Russia to be launched anywhere else.
And you have to give the Russian's points for balls: roll the launcher to the launch pad before making the unreasonable demands, so that Oneweb staff on site can't even do something to disable the satellites sufficiently that they can't be examined for tech theft. (not that hasn't already happened)
BRICS countries which represent 48% of the world population all declined to suppor the UN resolution condemning Russia. Doesn't seem like a united world....OneWeb was founded to bring the world closer together, but that is hard to do when the world is falling apart
Eric, I'd say at this point in time, the world is fairly united.
BRICS, even if they did get involved, don't have any where near the financial capability and tech to drive into Putin's heart The West has.
What kind of inane troll logic is this? The R in BRICS is Russia itself. The C is China which is very democratic and pro-humanitarian as we all know. (/s)BRICS countries which represent 48% of the world population all declined to suppor the UN resolution condemning Russia. Doesn't seem like a united world....OneWeb was founded to bring the world closer together, but that is hard to do when the world is falling apart
Eric, I'd say at this point in time, the world is fairly united.
Economic interdependence has historically been pretty effective at preventing wars.We should have never been cooperating with the criminals in the first place.
One web is truly in a tough position. They need lots of launches at a low price per kg.
Ariane launches are way too expensive even if they would be available. And with OneWeb being owned by the UK - there ought to be very litte political interest from the EU side to help them out.
There's no such thing as independant space. Even if you manufacture and launch the rockets locally, their parts won't be. Chip manufacturing requires worldwide resources... and if you use any titanium in this rocket.And that is why Europe needs independent access to space.
Economic interdependence has historically been pretty effective at preventing wars.We should have never been cooperating with the criminals in the first place.
Economic interdepence between DEMOCRACIES has been effective at preventing wars.
The whole "we should trade with despots" because trade will bring liberalization has been a 30+ year utter fail.
That was the argument for both China and Russia and all it has done is enrich our adversaries.
Economic interdependence has historically been pretty effective at preventing wars.We should have never been cooperating with the criminals in the first place.
Cooperation with the USSR during the cold war (and countries like Russia afterwards) have, historically, been meant to reduce the chance of war as well as create change (see: democritization of eastern Europe).
jhymesba2, why do you have to ninja me like that and with a more informative post as well? /sSNIP
We'll see how strong BRICS unity is, but at this stage of the game, it's not looking good for the R in BRICS.
Speaking of space, Elon Musk - you know, the dude who runs spaceX, had some choice words for our sleepy, drooly, Prez:
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Nah. Musk is just an anti-president guy specifically for presidents that tend to fight against Covid.
We should have never been cooperating with the criminals in the first place.
And depending on who you speak with the criminals are everyone from China, to Russia to the EU to the USA.
sourceBBC":1qn2dquc said:According to Russian news agency TASS, Mr Rogozin said the OneWeb contract had been paid in full and the funds would not be returned.
"We received all the money for it for the manufacture of launch vehicles, upper-stages and for the necessary launch services.
"This money, due to force majeure circumstances that have arisen as a result of the aggressive policy of the West and the sanctions that are applied against Russia, this money will remain in Russia," the Roscosmos boss stated.
Ouch
Economic interdependence has historically been pretty effective at preventing wars.We should have never been cooperating with the criminals in the first place.
Economic interdepence between DEMOCRACIES has been effective at preventing wars.Did we go to war with China when I wasn't looking?
[/quote]The whole "we should trade with despots" because trade will bring liberalization has been a 30+ year utter fail.
That was the argument for both China and Russia and all it has done is enrich our adversaries.
This sounds a lot like Polyakov having to give up his controlling interest in Firefly for national security concerns. Is it surprising that countries demand that with the same excuse of "national security concerns"? The claims weren't really extraordinary in the past.And two, the UK government must give up its ownership of OneWeb
It seems that the Russians are willingly digging their own grave economically. How can they be trusted by international investors after this, if this is their response to the current situation? They MUST know how this, yet they seem dead set on continuing down this path.
This is an interesting conundrum, because if Russians believe your position, then they can create a temporary economic boost by simply not paying back any of their debt and by eliminating all equity claims from foreign owners.
Normally this would create a death spiral, but investors have short memories and will come back for Russian bonds in the future (just like every other sovereign default). If done in coordination with China for future financing, could be an unprecedented geopolitical realignment.
Just the opposite is happening short term. Russia has about $478 billion in foreign debt and about $630 billion in foreign reserves. e.g. on balance, they are a net saver.
But almost 2/3 of those foreign assets have been frozen, possibly for decades. They effectively went from net surplus to net deficit overnight. By disavowing their debt, at best they would be getting back to neutral. China may happily loan money, but ask Sri Lanka what kind of terms to expect.
This was actually an enormous unforced error by the US government. What is the point of central bank foreign reserves if they vanish at the whim of the US? Every single central bank in the world should be considering severely reducing their purchases of US treasuries.
Russia and what army is going to do that?Why isn't OneWeb just "agreeing" to these terms and then tell Russia to get f... err that there has been a change of plans late,r once the starts are done?
I mean, it doesn't sound as if there is any base of trust anyway, and these demands are probably a breach of contract too... soo... might as well burn the last bridges too to get these satellite into the air. It's not as if OneWeb will ask Russia for launches ever again after this.
If you break agreement with Russia, that gives them pretext to engage in a whole new round of military hostilities. Like firing rockets at all your satellites. Didn't Russia just, like 2 months ago or 3, do a "demonstration" of destroying one of their own satellites with an anti-satellite rocket?
Economic interdependence has historically been pretty effective at preventing wars.We should have never been cooperating with the criminals in the first place.
Cooperation with the USSR during the cold war (and countries like Russia afterwards) have, historically, been meant to reduce the chance of war as well as create change (see: democritization of eastern Europe).
It seems that the Russians are willingly digging their own grave economically. How can they be trusted by international investors after this, if this is their response to the current situation? They MUST know how this, yet they seem dead set on continuing down this path.
This is an interesting conundrum, because if Russians believe your position, then they can create a temporary economic boost by simply not paying back any of their debt and by eliminating all equity claims from foreign owners.
Normally this would create a death spiral, but investors have short memories and will come back for Russian bonds in the future (just like every other sovereign default). If done in coordination with China for future financing, could be an unprecedented geopolitical realignment.
Just the opposite is happening short term. Russia has about $478 billion in foreign debt and about $630 billion in foreign reserves. e.g. on balance, they are a net saver.
But almost 2/3 of those foreign assets have been frozen, possibly for decades. They effectively went from net surplus to net deficit overnight. By disavowing their debt, at best they would be getting back to neutral. China may happily loan money, but ask Sri Lanka what kind of terms to expect.
This was actually an enormous unforced error by the US government. What is the point of central bank foreign reserves if they vanish at the whim of the US? Every single central bank in the world should be considering severely reducing their purchases of US treasuries.
OneWeb can just sue the Russian government assets held in UK banks (or US banks) and get their money back that way.sourceBBC":rdvl34yo said:According to Russian news agency TASS, Mr Rogozin said the OneWeb contract had been paid in full and the funds would not be returned.
"We received all the money for it for the manufacture of launch vehicles, upper-stages and for the necessary launch services.
"This money, due to force majeure circumstances that have arisen as a result of the aggressive policy of the West and the sanctions that are applied against Russia, this money will remain in Russia," the Roscosmos boss stated.
Ouch
BRICS countries which represent 48% of the world population all declined to suppor the UN resolution condemning Russia. Doesn't seem like a united world....OneWeb was founded to bring the world closer together, but that is hard to do when the world is falling apart
Eric, I'd say at this point in time, the world is fairly united.
This notes seems to forget that China has some reasonable launch options.
Who would be the customer if it's backed by Russian finances? Some of the sanctioning may never go away if Ukraine falls.OneWeb should be like "Of course we won't..." and then the communication gets garbled so they miss the /s at the end.
We should start playing by their book: say something and do the exact opposite. Like when they promised not to invade Ukraine after turning in their nukes.
(edit: typos)
Speaking of space, Elon Musk - you know, the dude who runs spaceX, had some choice words for our sleepy, drooly, Prez:
![]()
Nah. Musk is just an anti-president guy specifically for presidents that tend to fight against Covid.
The President is trying to make a point about how great unions are for America. This is why he only mentioned Ford and GM when speaking about electric vehicles during the State of the Union address, and intentionally left out Tesla.
Whether or not unions are good or bad is up to you, but it's a political/union disagreement between Musk and Biden, and nothing to do with the pandemic.
Agreed. From the perspective of the west (which is my perspective too), becoming dependant *on* Russia exposes me to risk (supply chain loss) without reward (I'm not trying to stop myself from invading). Then again, could have some demigogue take over leadership of a western country get held in check by the rich and powerful because of the risk of economic consequence.Economic interdependence has historically been pretty effective at preventing wars.We should have never been cooperating with the criminals in the first place.
Cooperation with the USSR during the cold war (and countries like Russia afterwards) have, historically, been meant to reduce the chance of war as well as create change (see: democritization of eastern Europe).
You are correct, and cooperation with Russia was never a mistake. Creating a dependence on them however was not the best move (looking at you here Germany)
It seems that the Russians are willingly digging their own grave economically. How can they be trusted by international investors after this, if this is their response to the current situation? They MUST know how this, yet they seem dead set on continuing down this path.
There's only one path left economically for Russia. A regime change.
This notes seems to forget that China has some reasonable launch options.